Tag: IMF

• Monday, April 11th 2011 - 21:04 UTC

  IMF optimistic report but warnings about overheating in emerging economies

  

  The global economic recovery is gaining strength, with world growth projected at about 4½ percent in both 2011 and 2012, but unemployment remains high, and risks of overheating are building in emerging market economies, the IMF said in its latest forecast.

• Thursday, April 7th 2011 - 10:15 UTC

  Brazil’s latest effort to stem flood of capital and contain the ‘Mighty Real’

  

  Brazil unveiled Wednesday the latest effort to stem a flood of foreign capital that is driving the local currency sky-high and undermining the competitiveness of the country’s exports. Finance Minister Guido Mantega blamed the currency woes on the Federal Reserve policy that keeps US interest rates near zero.

• Thursday, April 7th 2011 - 09:11 UTC

  Portugal admits the facts, formally requests a bailout from the EU

  

  Portugal's caretaker government said on Wednesday it had decided to seek financing from the European Union in an abrupt turnaround after resisting a bailout for months despite sharply deteriorating financial conditions.

• Wednesday, April 6th 2011 - 05:48 UTC

  IMF paper with proposals on capital controls triggers heated debate

  

  An IMF staff proposal to endorse capital controls in limited circumstances aroused opposition from Brazil and other nations seeking greater freedom to stem inflows of money from overseas.

• Tuesday, April 5th 2011 - 09:42 UTC

  IMF begins to work in Argentina in the elaboration of a new cost of living index

  

  International Monetary Fund (IMF) staff arrived Monday at Argentina’s Statistics Bureau, Indec headquarters in Buenos Aires to meet with its chief Ana María Edwin and its Director Norberto Itzcovich and begin the elaboration of a new cost of living index.

• Monday, March 28th 2011 - 01:03 UTC

  IMF recommends ending fiscal stimulus before turning to capital controls

  

  Latin American policy makers should withdraw fiscal and monetary stimulus to prevent their economies from overheating before turning to capital controls to limit foreign currency inflows, said Nicolas Eyzaguirre, the International Monetary Fund Western Hemisphere director.

• Friday, March 25th 2011 - 01:06 UTC

  IMF mission travels to Argentina in April to help design a new national CPI

  

  The International Monetary Fund said Thursday it will send a team to Argentina again next month to continue work on revamping the government's discredited inflation measure, and will provide specific recommendations.

• Thursday, March 10th 2011 - 17:43 UTC

  Qatar set to have this year the highest per capita income in the world

  

  Qatar is set to become the country with the world’s highest per capita income following on a breathless 16% growth in 2010 and a forecasted 20% this year according to the latest estimates from the IMF.

• Wednesday, March 9th 2011 - 05:14 UTC

  Argentina bans inflation from official jargon; inflation of synonyms

  

  Next October Argentines will be going to the polls to vote for president and renew Congress which anticipates a rough political eight months, but before that the administration of President Cristina Fernandez de Kirchner has to weather a round of labour contracts which will be demanding strong adjustments because of the “prices distortion and dispersion” since the word ‘inflation’ has been erased from the official jargon.

• Wednesday, March 9th 2011 - 01:36 UTC

  IMF nominates Egyptian national Deputy Managing Director

  

  Ms. Nemat Shafik, a national of Egypt and the UK has been nominated to the position of Deputy Managing Director of the International Monetary Fund. She will succeed Mr. Murilo Portugal, who resigned effective March 4, 2011.